Cohen & Steers (NYSE:CNS) Shares Gap Down on Disappointing Earnings

Cohen & Steers Inc (NYSE:CNS)’s stock price gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $81.07, but opened at $74.74. Cohen & Steers shares last traded at $81.2310, with a volume of 43,147 shares.

The asset manager reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Cohen & Steers had a net margin of 28.82% and a return on equity of 28.03%. The company had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is 88.45%.

Cohen & Steers News Roundup

Here are the key news stories impacting Cohen & Steers this week:

• Positive Sentiment: Second-quarter revenue came in at $151.84 million, above the $149.45 million consensus, and grew 12.2% from a year earlier, suggesting solid business momentum. Conference Call Transcript
• Positive Sentiment: The stock also appears to be benefiting from a favorable read-through on improving real estate fund flows, which could support assets under management and fee growth. Cohen & Steers Q2 Rally Reflects Improving Real Estate Flows
• Neutral Sentiment: Management also released the earnings presentation and held its quarterly call, giving investors more detail on strategy and outlook, but no major new corporate action was highlighted in the headlines. Earnings Call Presentation
• Neutral Sentiment: The company’s quarterly results were mixed overall: EPS of $0.85 narrowly missed estimates of $0.86, while profitability remained strong with a 27.60% return on equity and 27.47% net margin. Q2 2026 Results Press Release

Wall Street Analysts Forecast Growth

CNS has been the subject of a number of analyst reports. Evercore reissued an “outperform” rating and set a $84.00 price objective on shares of Cohen & Steers in a report on Friday, July 10th. Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $76.00.

Insider Transactions at Cohen & Steers

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the transaction, the executive vice president owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 45.40% of the company’s stock.

Institutional Investors Weigh In On Cohen & Steers

Hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its stake in shares of Cohen & Steers by 15.1% in the second quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock worth $185,790,000 after acquiring an additional 323,759 shares during the last quarter. State Street Corp grew its stake in shares of Cohen & Steers by 1.0% during the fourth quarter. State Street Corp now owns 1,180,611 shares of the asset manager’s stock valued at $74,119,000 after purchasing an additional 12,042 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cohen & Steers by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,174,579 shares of the asset manager’s stock valued at $73,467,000 after purchasing an additional 50,580 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Cohen & Steers by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,131,988 shares of the asset manager’s stock worth $71,066,000 after purchasing an additional 30,884 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Cohen & Steers by 215.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager’s stock worth $48,350,000 after purchasing an additional 526,096 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

The firm’s 50-day moving average is $74.95 and its two-hundred day moving average is $68.88. The stock has a market cap of $4.36 billion, a P/E ratio of 26.02, a PEG ratio of 2.00 and a beta of 1.22.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).